Could Autonomous AI Agents Transform E-Commerce?
Dubai’s qeen.ai Secures $10 Million Seed Investment
Dubai-based company qeen.ai, known for its AI solutions geared toward e-commerce, has recently successful raised $10 million in seed funding. This investment is noteworthy, marking one of the largest fundraising rounds in the MENA region. The round was led by Prosus Ventures, with additional support from Wamda Capital, 10x Founders, and Dara Holdings. With this latest round, qeen.ai has raised a total of $12 million in funding.
Growth Strategy for the Future
The seed funding is aimed at supporting qeen.ai’s growth strategy. Specifically, the company plans to enhance its agentic AI platform, broaden its customer base, and expand its workforce. Currently, the company focuses on developing fully autonomous content and marketing agents, with an ambition to address a wider range of challenges that online businesses encounter.
E-commerce Growth in MENA
The e-commerce landscape has been rapidly growing across the globe. This growth has been propelled by shifting consumer behaviors, improved digital payment systems, and upgraded logistics infrastructures. In the MENA region, the e-commerce market is poised to reach $50 billion by 2025, with Saudi Arabia and the United Arab Emirates leading this boom. This offers significant growth prospects for companies like qeen.ai that are prepared to adapt and expand.
qeen.ai’s AI agents are at the forefront of this transformation, helping businesses improve efficiency, elevate customer experiences, and tap into new growth possibilities.
The Founding Team Driving Innovation
Founded in 2023, qeen.ai is based in Dubai and was established by former colleagues from Google and DeepMind: Morteza Ibrahimi, Ahmad Khwileh, and Dina Alsamhan. The founding team brings valuable global experience, having spent time in the San Francisco Bay area, along with expertise in AI technology and e-commerce. Together, they share a vision of utilizing AI’s power to revolutionize how online businesses operate and grow. The company currently employs over 25 team members across the UAE and Jordan.
The Power of Autonomous AI Agents
qeen.ai utilizes proprietary technology to create AI agents capable of performing tasks autonomously while optimizing outcomes based on user behavior. This allows e-commerce businesses to interact seamlessly with qeen.ai’s specialized agents, which can handle operations such as content creation, marketing, and engaging in sales conversations. This automation not only simplifies processes but also enhances performance beyond what humans or traditional AI applications can achieve.
As e-commerce continues to expand, the technology developed by qeen.ai has the potential to drive further innovation and open new avenues for business growth.
Morteza Ibrahimi, Co-founder and CEO of qeen.ai, expressed pride in securing investment from Prosus Ventures and other investors. He emphasized their goal of becoming an essential technology partner for e-commerce businesses. With a focus on developing intuitive and accessible AI solutions, qeen.ai aims to empower businesses of all sizes in adapting and thriving within a rapidly evolving digital economy.
Expert Endorsements from Investors
Robin Voogd, the Head of Middle East Investments at Prosus Ventures, shared insights into the potential for AI agents to transform global e-commerce markets. He noted that the company is well-positioned to leverage AI technology for merchants, particularly as e-commerce continues to grow. He commended qeen.ai for its innovative approach and highlighted the significant value it offers to merchants striving to deliver top-notch digital shopping experiences.
Through the use of cutting-edge AI technology, qeen.ai is ready to redefine the operational landscape for e-commerce businesses, providing tools and capabilities that align with the demands of a competitive market.
